Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 65,840 shares of the company's stock after selling 4,652 shares during the quarter. Corient Private Wealth LLC's holdings in Airbnb were worth $8,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new position in shares of Airbnb in the 3rd quarter valued at $160,985,000. Principal Financial Group Inc. raised its stake in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Edgewood Management LLC lifted its position in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its stake in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently weighed in on ABNB shares. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Truist Financial reduced their price objective on Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research note on Friday. Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a research report on Friday, February 14th. Canaccord Genuity Group upped their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Barclays raised their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $147.36.

Airbnb Trading Up 0.0 %

Shares of Airbnb stock traded up $0.06 during trading hours on Tuesday, reaching $129.88. 4,362,208 shares of the company's stock were exchanged, compared to its average volume of 4,410,865. The firm has a market capitalization of $81.89 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a fifty day moving average of $135.74 and a 200-day moving average of $133.53. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.00. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the transaction, the chief executive officer now owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares of the company's stock, valued at approximately $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock valued at $289,763,290 in the last ninety days. Company insiders own 27.83% of the company's stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.